Governor’s office trying to meet the threshold to qualify for small business assistance
Gov. Brad Little is asking small-business owners who have been affected by the coronavirus to share their stories so that Idaho can qualify for federal assistance.
“The information received will determine whether impacted businesses will be eligible for disaster assistance in the form of low interest loans from the U.S. Small Business Administration (SBA) through Economic Injury Disaster Loan assistance,” according to a news release issued by the governor’s office.
“The State of Idaho will need responses from small businesses to demonstrate economic injury as determined by the SBA in order to activate Economic Injury Disaster Loan assistance.”
Small-business owners willing to help can fill out this one-page worksheet, which can be downloaded and e-mailed to Jerry Miller at the Idaho Department of Commerce, [email protected] For alternative submission options, call 208-287-0780.
In a poll of its members released March 13, NFIB found about 23% of small-business owners negatively affected by the coronavirus in the following ways:
- 42% reported slower sales
- 39% experienced supply chain disruptions
- 4% had sick employees.
The state’s ability to access federal assistance is contingent on local businesses speaking up and letting it know that they are struggling through these tough times.
NFIB is joining with other Idaho business associations in helping spread the word.
NFIB has brought all of its coronavirus-related advice, resources, and lobbying news into one story, www.nfib.com/coronavirus.
In the story, you can find news such as:
- NFIB’s statement on Congressional passage of the Families First Coronavirus Response Act.
- A 42-minute webinar by Elizabeth Milito, senior executive counsel for the NFIB Legal Foundation, and Holly Wade, director of the NFIB Research Center, “How Small Business, Workers, and Workplaces Should Respond to Covid-19.”
- NFIB’s Small Business Legal Center has also produced this helpful story, How Small Business Can Prepare for the Coronavirus.